3409 Mobile Hwy, Pensacola, FL
Retail property with potential for two tenants.
- Added:
- Feb 21, 2023
- Days on Market:
- 1203
- Last Refresh:
- May 19 at 8:46 pm
Property Features for 3409 Mobile Hwy
General Information
- Standard status
- Active
- Size
- 1,948 SF
- Lot size
- 0.21 Acres
- Property subtype
- RETAIL
Listing agent Guy Girod (850) 723-5444
Listing office Alliance Real Estate (850) 723-5444
Listing date Feb 21, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Alliance Real Estate
HighLights
- Potential for two tenants, offering dual income streams.
- Divided into two spaces, providing flexibility for use.
- Passthrough door connects the two spaces, allowing for unified or separate operation.
- Building has been completely emptied out, ready for customization.
- Formerly a retail grocery store, suitable for retail business.
- Adaptable for various business ventures.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.9k | $17.40 |
| − Vacancy | −$2.8k | −$1.46 |
| EGI | $31.1k | $15.94 |
| − OpEx | −$7.8k | −$3.99 |
| NOI | $23.3k | $11.96 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Asia Oriental Market — 3707 Mobile Hwy, Pensacola, FL 32505
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2559
- Latitude
- 30.4223
